The Los Angeles Lakers' proposed $10billion (£7.45bn) sale to the TWG Global CEO Mark Walter would make them the most expensive sports team in the world.Should the sale of the Lakers - who have been owned by the Buss family since 1979,

According to ESPN's Shams Charania, the Los Angeles Lakers are being sold to Mark Walter, who is currently a minority owner of the team.

The largest sale in NBA and North American sports history took place on Wednesday when Mark Walter, the owner of the Los Angeles Dodgers, entered an agreement to buy majority ownership of the Los Angeles Lakers from the Buss family for a valuation of approximately $10 billion,

The Los Angeles Lakers will have new majority ownership, selling to Mark Walter, the CEO of TWG Global and controlling owner of the Dodgers.

The majority stake of the Los Angeles Lakers basketball franchise is being sold in what will mark the most expensive sale of a US sports team in history,

The majority stake of the Los Angeles Lakers basketball franchise is being sold in a historic deal worth an estimated $10 billion (£7.45b). The Buss family has owned the team - one of the most iconic in sports globally - since 1979 and now has reportedly made a deal with TWG Global CEO Mark Walter.